OPEN-SOURCE SCRIPT
Auto Trend [theUltimator5]
The Auto Trend indicator was designed to be a unique pattern detection indicator without the use of standard pivot point logic or high/low lines. It is a study in pattern detection by using iterative best-fit logic.
The indicator automatically identifies and draws trend channels by analyzing price action across configurable lookback periods. It finds optimal high and low trendlines that contain price movement, with a middle line marking the trend's center.
Key Features:
How It Works:
The indicator divides the lookback period into thirds, finds the highest and lowest closes in the first and last thirds, then draws trendlines connecting these points. It can automatically search through different lookback periods to find the one with the fewest price violations (closes outside the channel).
Settings:
Use Cases:
The indicator supports up to 5000 bars of historical data for comprehensive trend analysis.
The indicator automatically identifies and draws trend channels by analyzing price action across configurable lookback periods. It finds optimal high and low trendlines that contain price movement, with a middle line marking the trend's center.
Key Features:
- Automatic Pattern Detection - Intelligently searches for the best lookback period where price stays within the channel boundaries
- Dual Pattern Modes - Choose between Short (20-66 bars) for quick patterns or Long (50-500 bars) for extended trends. Note - the long pattern is fully configurable and can be set anywhere up to 5000 bars.
- Smart Caching - Optimized performance that only recalculates when necessary
- Customizable Starting Point - Click directly on the chart to set where the trend channel begins
- Flexible Lookback Range - Set minimum and maximum lookback periods to match your trading style
- Visual Debugging - Optional label displays the active lookback period and violation count
How It Works:
The indicator divides the lookback period into thirds, finds the highest and lowest closes in the first and last thirds, then draws trendlines connecting these points. It can automatically search through different lookback periods to find the one with the fewest price violations (closes outside the channel).
Settings:
- Use Auto Lookback - Enable automatic optimal lookback detection
- Pattern Length - Short (faster, 1-bar increments) or Long (broader, 5-bar increments)
- Min/Max Lookback - Define the search range for the Long pattern
- Manual Lookback - Override auto-detection with a fixed period
- Custom Colors - Personalize the high, low, and middle line colors
- Starting Point - Select where the trend analysis begins
Use Cases:
- Identify dominant trend channels across different timeframes
- Spot potential support and resistance levels
- Determine trend strength and consistency
- Time entries and exits based on channel position
The indicator supports up to 5000 bars of historical data for comprehensive trend analysis.
オープンソーススクリプト
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免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。